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Adani dollar bonds rally from record lows after UAE royal boost

1 month ago 20
Adani dollar bonds rally from record lows after UAE royal boost A note from one of the group’s key units, Adani Ports Special Economic Zone Ltd., rose 3.4 cents on the dollar to 68.8 cents as of 9:47 a.m. in Hong Kong. That pares its drop since US-based short seller Hindenburg Research last week alleged “accounting fraud� at Adani group to about 10 cents.
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